2023 CVE to NAD Historical Review

YEARLY HIGH

0.1959 NAD

YEARLY LOW

0.1611 NAD

YEARLY AVERAGE

0.1812 NAD

2023 CVE to NAD Performance & Market Timing Review

Analysis of key historical highlights and timing insights for 2023

During 2023, the CVE to NAD exchange rate experienced significant fluctuation. The market reached its absolute peak on August 14, valuing the pair at 0.1959. Conversely, the yearly low was recorded on January 5, dropping to 0.1611.

This high-to-low spread represents a total annual volatility of 0.0348 NAD. From a start-to-finish perspective, comparing the January average rate of 0.1667 to the December average rate of 0.1847, the exchange rate registered a net change of 10.81% (reflecting a strengthening trend).

Looking at year-over-year peak valuations, the 2023 high of 0.1959 was up 15.36% compared to the 2022 peak of 0.1698, indicating shifts in long-term support levels.

Transfer Payout Power Comparison

Comparing the value generated converting 5,000 CVE based on timing:

Yearly Peak High 979 NAD

2022 Average 776 NAD

Yearly Trough Low 805 NAD

Transaction Impact: A difference of 174.02 NAD purely based on transaction execution date.

Trend Visualization

Monthly average fluctuations over the course of 2023.

0.1898

0.1646

JanuMarcMayJulySeptNove

CVE to NAD Seasonal Trends & Volatility Analysis

A structured review of seasonal halves, trading extremes, consecutive streaks, and historical baselines.

Seasonal Halves (H1 vs H2)

Seasonal

The average exchange rate in the first half of the year (H1: Jan–Jun) was 0.1782, compared to 0.1842 in the second half (H2: Jul–Dec). This shows that the rate was stronger in the second half (Jul–Dec) by a margin of 0.0060 points.

H1 Avg (Jan–Jun) 0.1782

H2 Avg (Jul–Dec) 0.1842

Volatility Range Comparison

Volatility

The most volatile month in 2023 was November, with a trading range of 0.0178 NAD (High: 0.1938 / Low: 0.1760). On the other end, March was the most stable month, with a tight range of 0.0059 NAD (High: 0.1801 / Low: 0.1742).

November Spread (Volatile) ±0.0178

March Spread (Stable) ±0.0059

Growth Streaks & Declines

Trends

Between January and May, the exchange rate recorded its longest consecutive growth streak of the year, climbing for 4 straight months. Conversely, the sharpest month-over-month decline occurred between May and June, when the average rate fell by 0.0041 points.

Longest Streak 4 Mo.

Sharpest MoM Drop -0.0041

Same-Month Historical Baseline

YoY Baseline

Comparing the current year's strongest month average (August 2023: 0.1864) against the same month in 2022 (average: 0.1529), the exchange rate shifted by +0.0335 (+21.93%).

2023 Avg (August) 0.1864

2022 Avg (August) 0.1529

Monthly Breakdown

Statistical summary for each calendar month.

Month	High	Low	Average
January	0.1697	0.1611	0.1667
February	0.1769	0.1659	0.1735
March	0.1801	0.1742	0.1773
April	0.1838	0.1749	0.1805
May	0.1919	0.1820	0.1877
June	0.1916	0.1772	0.1836
July	0.1874	0.1758	0.1828
August	0.1959	0.1812	0.1864
September	0.1873	0.1801	0.1837
October	0.1938	0.1791	0.1843
November	0.1938	0.1760	0.1834
December	0.1889	0.1806	0.1847